Jahn
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Tammy, an accountant, reminds her client Paul that it is time to organize tax documents and send them to her for filing. Her contact information has changed, and she provides the new address and email. She has set up a secure Dropbox folder for each client to upload their tax documents instead of emailing, with a $15 fee for those not using Dropbox. The letter lists the supporting documents needed and notes the fee for Paul's 2012 tax return preparation based on last year. E-filing will be used which provides faster refunds. Tammy is available by phone for any questions.
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Discussion # 1
Please use the excel attached to answer this
You just opened a small tax practice and discovered your clients are presenting you with a wide variety of receipts,油 documents, etc. to be used to prepare their tax returns. You want to be able to work more efficiently油so you decide to do some research and create a油client input form油using Excel (you may select any area you feel is appropriate ex. track mileage, expenses, fixed assets, etc).油油
Review the video above and using authoritative sources油to back up your position, justify the need for this standardized client input form in your tax practice.油 Once you have established the information you would like your tax clients to track, create an input form in Excel based on the steps in the video.油油As part of your discussion explain why you selected the particular fields in this form as they relate to tax law油and explain the overall油design of your form as far as easy for clients to use. Upload a copy of your Excel file with at least 5 entries for others to view and comment.油
As part of your response, test the form presented by another student and discuss, from a油client perspective, if you find the form user friendly, if you think it provides the detail needed to meet the law, etc.油
Discussion # 2
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his week's post discussion points out how you can automate the use of data to organize it in a more efficient way that facilitates the use of it. For example in a small tax services office, it is very helpful to have a client input form that can expedite the process of collecting information directly from the client through a way that has the standardized fields clearly for the understanding of the client, and in this way the tax practitioner can expedite the work of collecting certain basic information.
In a small tax office, taking into account that it does not have a lot of staff it would be very helpful to use in client input form so that the client can enter the data in a way using the excel program and then the tax practitioner only verify them, for example a standardized form that can describe expenses can have the following fields: Tax payer name and last name, Social security, Address, Occupation, Age, Citizenship, Marital Status, Employer, Expenses Description, Expenses document provided. 油
]The fields have been selected trying to generate a standard form that is easy for customers to understand when entering the information, which at the time of the interview with the tax practitioner will be verified, it is also important to note that the fields are related to the type of IRS form that will be required by each client, since there are some who are divorced, with w-2, and with day care expenses that means they have children who depend on it; the fields of description of expenses and documents of expenses submitted, are important to know the expenses that they want to declare and the documents that support them and these expenses are related to the field of emplo ...Better Invoicing
Better Invoicingellipseuk
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The document outlines changes being made to simplify and increase transparency in an insurance company's billing and documentation processes. Key changes include replacing statements of account with simpler invoices, removing unnecessary fields from data templates, shortening the direct debit notice period from 10 to 5 days, automatically offsetting refunds against future payments, including more detailed premium breakdowns and adjustments, and allowing past members to be added for premium adjustments. The changes aim to address issues like confusing billing, lengthy payment periods, and lack of transparency in premium calculations.End-of-Year Charitable Giving | Accent by Chubb
End-of-Year Charitable Giving | Accent by ChubbAccent by Chubb
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Charitable giving increases as the end of the year approaches. This is due to donors taking advantage of the charitable tax deductions offered with the end-of the-year season. Discover the tax information you need to know when making your donations this holiday season. View the full article at http://accent.chubb.com/year-end-charitable-giving and for more information and advice on charitable giving, visit http://accent.chubb.com/community.Jahn
- 1. 5260 Three Points Blvd, Mound, MN 55364≒612.578.2587≒tammy@stressfreeaccounting.com January 29, 2013 Dear Paul, It is that time of year again; time to start organizing all of your tax documents and send them my way. As a reminder, my address and email changed. Please see new information below. For 2012 tax processing, I have set up a secure Dropbox folder for each one of my clients. Dropbox is an online file sharing system and is more secure than email. When you have all of your information together, please save it in the folder and share the link. Once you save your documents in your folder, I will be able to see them. If you find it easier to email, that is fine too. There will be a $15 dollar charge for those not using the Dropbox system or email. Please save the following supporting information in the Dropbox folder: Forms W-2 for wages, salaries and tips All Forms 1099 for interest, dividends, miscellaneous income, etc. including student loan interest Statements supporting deductions for mortgage interest and real estate taxes Any itemized deduction support such as medical expenses, HSA forms, charitable contributions, license plate tabs, etc. Closing statements or any other documentation regarding the sale, purchase, or refinance of real property Enclosed Client Organizer Any other tax related information Once your return is finished, I will save your return in the same Dropbox folder and you will receive an email notification. Based on the forms I prepared last year the forms and rate for your 2012 return is as follows: Forms Rate 1040, Sch A, Sch C, MN $ 150.00 If your return takes more time than anticipated, or if you have some major changes from prior year, your fee may change. I will discuss this with you prior to the preparation of your return. E-filing provides many benefits: less paper, faster refunds and convenient payment options for those that owe. I will once again be e-filing all individual returns. If you have any questions, feel free to call me at 612-578-2587. I look forward to making tax time stressfree!! Sincerely, Tamara N. Johnson, CPA